Maine Revised Statutes Title 24-A Sec. 1424-A – Application for license
Current as of: 2023 | Check for updates
|
Other versions
1. Application. An individual applying for an insurance adjuster or consultant license shall apply to the superintendent on a form as determined by the superintendent and declare under penalty of refusal, suspension or revocation of the license that the statements made in the application are true, correct and complete to the best of the individual’s knowledge and belief. Before approving the application, the superintendent must find that the individual:
A. Has complied with the requirements of subchapter V in the case of consultants and subchapter VI in the case of adjusters; [PL 2001, c. 259, §29 (NEW).]
B. Has not committed any act that is a ground for denial, suspension or revocation set forth in sections 1417 and 1420?K; [PL 2001, c. 259, §29 (NEW).]
C. Has completed any prelicensing requirements for the license for which the person has applied, as specified in subchapter II; [PL 2001, c. 259, §29 (NEW).]
E. Has successfully passed the examinations for the license for which the person, if a resident, has applied. [PL 2001, c. 259, §29 (NEW).]
[PL 2001, c. 259, §29 (NEW).]
Terms Used In Maine Revised Statutes Title 24-A Sec. 1424-A
- Adjuster: means any individual who, as an independent contractor or as an employee of an independent contractor, or as an employee of another organization, for fee, commission or other compensation, investigates for, settles on behalf of and reports to an insurer, fraternal benefit society, workers' compensation self-insurer or insured relative to claims arising under the workers' compensation laws or other types of insurance contracts. See Maine Revised Statutes Title 24-A Sec. 1402
- Business entity: means a corporation, association, partnership, limited liability company, limited liability partnership or other legal entity. See Maine Revised Statutes Title 24-A Sec. 1402
- Consultant: means any individual who, for a fee, advises or offers to advise any person insured or seeking insurance or named or to be named as beneficiary, or having or to have any interest in or insured under any property and casualty or life and health insurance contract or annuity contract, existing or proposed. See Maine Revised Statutes Title 24-A Sec. 1402
- License: means a document issued by the superintendent authorizing a person to act as an insurance producer, adjuster or consultant for kinds of insurance specified in the document as authorized in this chapter. See Maine Revised Statutes Title 24-A Sec. 1402
- Resident: means any of the following:
2. Business entity. A business entity acting as an insurance adjuster or consultant is required to obtain an adjuster or consultant license. Application must be made using the uniform business entity application. Before approving the application, the superintendent must find that:
A. The business entity has paid any required fees set forth in section 601; and [PL 2001, c. 259, §29 (NEW).]
B. The business entity has designated a licensed person responsible for the business entity’s compliance with the insurance laws, rules and regulations of this State. [PL 2001, c. 259, §29 (NEW).]
[PL 2001, c. 259, §29 (NEW).]
3. Verification. The superintendent may require any documents reasonably necessary to verify the information contained in an application.
[PL 2001, c. 259, §29 (NEW).]
SECTION HISTORY
PL 2001, c. 259, §29 (NEW).